Legal Contract Case Study

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Recommended: Define and explain the 4 elements of a contract

An elements of a legal contract is legally enforceable agreement. Also All contracts, whether written, verbal, express or implied must have certain elements in order to be valid. People make promises and don’t tend to keep them half the time. For a contract to be forcible several key factors have to be established. Which would be offer , Acceptance, Consideration, Legality,Capacity,Consent,and Writing. Element one The party must show false statement of facts,element two the party must demonstrate that the statement was material or important. Element three the party must also show that a person actually did rely on false statement and that the person reliance was reasonable. Sometimes courts will enforce agreements even if they fail to meet usual requirements of a contract.In the scenario it talks about jim and laura giving stan a 100 dollar deposit for a blue 4 door sedan, stan lets them know that the deposit was garenteeted refundable.Jim and laura the next day decided to change there minds about the car and wanted there money back stan insited to get …show more content…

These contracts are pretty much less common. As for some legal advice I would point out to Laura and Jim of what would be a promissory estoppel which is cases the defendant made promises that the plaintiff relied on which is Stan word about the deposit and the car. A promissory estoppel is a doctrine which the court may enforce a promise made by defendant even when there’s no contract. This could help Jim and Laura case with car dealership on Stan. In Jim and laura case Stan should have know that what he was doing was creating a contract that he thought he could get of also on JIm and Laura behalf they have to prove to the courts and demonstrate that they entered a contract based off of factual error and that Stan knew or had a reason to know the

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